Ezcorp price target raised to $25 from $24 at Canaccord

Canaccord raised the firm’s price target on Ezcorp (EZPW) to $25 from $24 and keeps a Buy rating on the shares. The firm noted they reported another record quarter, with Q2 sales +7%, roughly 2% ahead of the firm’s estimate, as pawn loans outstanding (PLO), the key driver of the business, increased +11%. With stubborn inflation and limited access to credit options for many consumers, demand for pawnbroking services continues to grow significantly, while at the same time, more consumers are seeking affordable, sustainable pre-owned goods.